moid on Nostr: I’m still stuck on deflation, sorry. In a world based on BTC, how does borrowing ...
I’m still stuck on deflation, sorry. In a world based on BTC, how does borrowing work? If the bitcoin that is owed is only ever more valuable would the interest rate have to be negative? Or at least less than it would be in a fiat world with inflation?
Published at
2023-04-22 22:06:37Event JSON
{
"id": "3653f86ae1d27fbf9681eea6d6fbe3bf26ecf7dd8c9886a384f5a408a2078714",
"pubkey": "5a8cd42161891cd50aab4a7eeeecb5d673d44c997610c8f9e97c894309f437a4",
"created_at": 1682201197,
"kind": 1,
"tags": [
[
"e",
"116590016e63b0c74447a50424898d9f23461973302a10669a1f290a9cd774db"
],
[
"e",
"6929e3f85df88afe77579293d1907716bbbdf4a19d2eee00e9b17b0fbc86a440"
],
[
"p",
"0ffab7d9247132f14bcd38378b0acedc30d35e2b2670d89b7ae8c2d2c306af99"
],
[
"p",
"6e468422dfb74a5738702a8823b9b28168abab8655faacb6853cd0ee15deee93"
]
],
"content": "I’m still stuck on deflation, sorry. In a world based on BTC, how does borrowing work? If the bitcoin that is owed is only ever more valuable would the interest rate have to be negative? Or at least less than it would be in a fiat world with inflation?",
"sig": "e79a81293e9ac6577f36529a9f890e75f04a8e12f84fd06c79e22bc47cd2ebd755f94a00abe063ccc6ef3a355fc1def37af1ea793ce4d98fef084f78510ec8dd"
}
